Compensation Strategies Group, Ltd.
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|ACA Reporting and Disclosure: The Complexity Continues (Part 3 of 3)|
Benefits Bryan Cave
Mar. 16, 2015
"An employer who inadvertently failed to report a full-time employee would incur a $100 penalty. If the employer also inadvertently failed to provide a statement to that employee, it would incur an additional $100 penalty. If such failures were intentional, the employer's penalty would be $250 per failure ($500 total). Assuming similar violations occurred with respect to other full-time employees, the maximum combined penalty for both violations would be $3,000,000."
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